Trump Calls for Lower Rates, Impacting Financial Markets & Crypto

President Trump urged the Federal Reserve to lower interest rates during SEC Chairman Atkins’ swearing-in ceremony. His call for rate cuts could significantly impact financial markets and cryptocurrency, as seen in past instances. While no direct funding decisions were mentioned, his statements have historically aligned with market movements, often triggering short-term rallies in risk assets. This echoes Trump’s long-standing interest in lowering borrowing costs and easing monetary policy. The potential for a decline in US dollar value following such a move could benefit cryptocurrencies like Bitcoin and Ethereum.